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JAMB Commerce 2011 Question 40

Question 40

Law of Contract

To make a simple contract valid, the intention must be

  1. A.legal and written
  2. B.legal and binding
  3. C.legal and attractive
  4. D.legal and harmonious.
Show the answer and explanation

Answer: B (legal and binding)

Explanation

The parties must intend to create legal relations that bind them; a simple contract need not be written.